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Galilee Energy Halts Vintage Merger, Secures $1.9M R&D Refund Amid Glenaras Progress
7:03pm on Monday 2nd of June, 2025 AEST
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Energy
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Galilee Energy Halts Vintage Merger, Secures $1.9M R&D Refund Amid Glenaras Progress
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
Received $1.9 million R&D tax refund from ATO
Merger with Vintage Energy Ltd mutually terminated
Cash balance stands at $4.38 million post capital raise and refund
Ongoing analysis and subsurface modelling at Glenaras Gas Project
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